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Compliance Updates

Nevada Gaming Control Board: Notice 2022-64 Standard Financial Statements (NGC-17)

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Nevada Gaming Control Board Appoints Kristi Torgerson as New Chief of the Enforcement Division

 

Nevada Gaming Commission Regulation 6.070 requires all nonrestricted licensees having gross revenue of $1 million or more for the 12 months ended June 30th to file standard financial statements each fiscal year. These statements are used to complete the Nevada Gaming Abstract.

The standard financial statement filing will be the same as last year using our online filing system (ā€œonline systemā€). The link to the online system is available on our website at www.gaming.nv.gov under Tax Forms. The standard financial statements must be submitted to the Nevada Gaming Control Board no later than September 15, 2022.

If applicable, the value of the Contra Revenue should be broken out separately and reported on the NGC-17. Do NOT net the amount of the Contra Revenue against the revenue in each department and report zero under Contra Revenue.

Additionally, any assets, liabilities, expenses or revenues held at the corporate level that are directly attributable to the licensee should be included in the standard financial statement. Interest expense held at the corporate level should be included only if the proceeds from the associated debt were used by the actual licensee filing the statement.

We have posted the ā€œUniform Chart of Accountsā€ on our website. Please use this if you have any questions regarding how to classify items on your financial statements. If you have any questions relating to the reporting requirements, please contact Michael Lawton, Senior Economic Analyst, at

(775) 684-7700. If you have any questions concerning the online system, please contact the Tax and License Division at (775) 684-7770 for Northern Nevada and (702) 486-2008 for Southern Nevada.

Compliance Updates

VIP Play Obtains Interim West Virginia iGaming and Sports Wagering Management Service Provider Licenses

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VIP Play Inc. announced the approval of its interim License in West Virginia for both Sports Wagering and iGaming managed services. This follows the recently announced market access partnership between VIP Play and Delaware Northā€™s Wheeling Island Casino.

This milestone marks the companyā€™s initial expansion beyond Tennessee, where it currently operates as a mobile Sports Wagering Operator. The interim License in West Virginia also adds iGaming to the companyā€™s book of business, and allows VIP Play to participate in the rapidly expanding i-Gaming industry. VIP Play expects to begin serving West Virginia customers in the coming months.

Bruce Cassidy, VIP Play CEO & Chairman of the Board, said: ā€œThe acquisition of our interim Sports Wagering and i-Gaming License in West Virginia marks a significant milestone in our journey to expand, underscoring our commitment to provide innovative experiences to a wider audience. As we grow our presence, our dedication to excellence stands firm, and weā€™re excited to play a role in enriching West Virginiaā€™s dynamic gaming community.ā€

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Compliance Updates

QTech Games sharpens its LatAm focus with MINCETUR licence in Peru

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QTech Games sharpens its LatAm focus with MINCETUR licence in Peru

 

New certification for emerging-markets leader arrives ahead of key industry summit in Sao Paulo and awards recognition

QTech Games, the leading game aggregator for emerging markets, has had its platform and games successfully approved for the Peruvian market, demonstrating that its premier B2B platform and all-encompassing content conforms to the latest legislative updates to enhance and regulate Peruā€™s local gaming environment.

Peruā€™s Ministry of Foreign Commerce and Tourism (MINCETUR) has now issued an online gaming licence to QTech Games, whereby all its platform products and games are now deemed legally permitted. This includes its new software service for retail, QTech Hybrid, which allows land-based partners to scale their operations online. QTech Hybrid simplifies transactions by enabling deposits, withdrawals and gameplay while allowing access to players both in-shop and on personal devices.

This breakthrough hybrid solution has quickly won clients and awards in the comparably fragmented African market (most recently in March for Best Innovation at AGE Lagos), and now promises to do likewise across LatAm, where QTech Games has already signed several major clients for both its aggregation platform and its QTech Hybrid solution. This activity has seen it again nominated for Best Aggregator at the SiGMA Americas Awards, which kickstart the SiGMA Americas summit (7-10 April) next week, as the igaming world converges on Sao Paulo for a must-attend conference in another of QTech Gamesā€™ ā€œfocus markets” for 2025.

Philip Doftvik, QTech Gamesā€™ CEO, said: ā€œIt’s fantastic to have certified our aggregation platform in Peru via MINCETUR ā€“ and Iā€™m pleased to say we have more such approvals pending across the continent. We attended fantastic events in Rio and, more recently, SAGSE 2025 in Buenos Aires – and anticipate more of the same at SiGMA Americas in Sao Paulo next week, where weā€™re also thrilled to have been shortlisted for Best Aggregator at their LatAm Awards. Given the venue, Brazil will be dominating the discussion for many at SiGMA Sao Paulo. However, weā€™ll also be looking beyond Brazilian borders this year, and are already active in Mexico, Chile, Colombia and Paraguay. We know our QTech Hybrid solution will work very well wherever we put a pin on the LatAm map.ā€

QTech Games delegates will be present at five more LatAm summits in 2025, with SiGMA Americas (7 April) the next port of call – followed by GAT Expo Cartagena (28 April), SBC Americas (13 May), Peru Gaming Show (18 June) and GAT Expo Mexico (28 Aug).

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Compliance Updates

IGSA Welcomes Eclipse Compliance Testing as a New Vertical Member

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The International Gaming Standards Association (IGSA) has welcomed Eclipse Compliance Testing as a new Vertical member.

IGSA President Mark Pace said: ā€œIGSA is excited to welcome Eclipse Compliance Testing as a new member, as their extensive knowledge in gaming product compliance testing for over 25 years will be invaluable.ā€

Eclipse Compliance Testing Founder Nick Farley said: ā€œEclipse Compliance Testing is pleased to add its voice and expertise in regulatory compliance testing. We have been on the fore front of the battle to help define what is legal and what is not and hope to contribute to the ongoing regulatory work that IGSA has undertaken.ā€

Eclipse Compliance Testing (ECT) is a full-service ISO 17025, 17020 and GSA accredited regulatory compliance Independent Test Laboratory (ITL) for the casino gaming, lottery, and amusement industries.

Founded in 2000 by gaming compliance testing pioneer, Nick Farley, and former General Electric executive, Janice Farley, ECT serves over 250 regulated markets globally with regulatory testing for devices and systems in Class III, Class II, skill games, electronic pull-tabs, iGaming, mobile gaming, sports wagering, DFS, and charitable gaming markets.

ECT also provides assistance in the preparation of technical standards and regulations, expert testimony services on behalf of legal professionals, federal, state and local law enforcement agencies, on-site inspections and audits, consulting and technical advice, forensic evaluations, and training.

ECT is a current member of the International Gaming Standards Association (IGSA), North American Gaming Regulators Association (NAGRA), the American Amusement Machine Association (AAMA) and the Oklahoma Tribal Gaming Regulators Association (OTGRA).

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